World Bank approves Sh75b loan to boost Big Four agenda : The Standard

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World Bank approves $750 Million for Kenya in support of reforms in agriculture, housing, digital technology and fiscal management

The committee was also supposed to vote on the nominations of Kimberly Reed to head the Export-Import Bank, Elad Roisman to serve. Shares in BlackRock, the world’s biggest asset manager, fell 4.6.

Small-scale traders can now access cheap loans following. regional development bank," said Nyong’o in a statement. "Most of these small businesses have remained crippled because they cannot raise.

[Boniface Okendo, Standard] NAIROBI, KENYA. including Sh38.7 billion from Kenya’s development partners. The Big Four Agenda (housing, manufacturing, Health, and security was given Sh450.9 billion..

The World Bank Board of Directors has approved a US$750 million (Ksh75.9 billion) International Development Association (IDA) credit for Kenya, in the latest move by the global lender to channel funds to the East Africa State.This comes amid concerns over the country’s ballooning public debt which crossed the Ksh5.1 trillion (US$50.4 billion) mark in September 2018, with possibilities of going Ksh5.6 trillion (US$55.4 billion by close of the year. The loan, according to World Bank is meant.

In Turkey, a World Bank project to expand the export capacity of small companies through US$1.7 billion in Export Finance Intermediation Loans (EFILs), resulted in participating firms introducing new products and increasing exports, sales, and employment significantly more than non-participating firms.

The World Bank Board of Directors today approved Sh75.9 billion Government’s loan to help curb poverty and helps kenya achieve its vision 2030 objectives. The operation lends support to the government’s "Big Four" agenda which prioritises agriculture, affordable housing, universal health coverage, and manufacturing.

Tanzania will be getting a $455 million loan from the World Bank under its international development assistance (ida) program to support the financing of power projects in the East African country. This was made known by the World Bank after the loan was approved. "The $455 million credit will finance construction of critical high voltage [.]